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Mynaric AG ( (DE:M0YN) ) has shared an update.
On February 7, 2025, Mynaric AG announced the acquisition of a fourth bridge loan worth USD 28 million and an extension of three existing bridge loans, along with a new restructuring loan of USD 25 million to support their ongoing operations and production plan. The company is undergoing financial restructuring under the German StaRUG framework, with plans to significantly reduce its debt by waiving existing term loans and bridge loans. This restructuring might lead to a full delisting of Mynaric and a capital reduction to zero, followed by a capital increase, potentially resulting in the loss of all investments by current shareholders. The restructuring is crucial to prevent insolvency due to the company’s over-indebtedness and lack of refinancing options.
More about Mynaric AG
Mynaric is a company leading the industrial revolution of laser communications, specializing in the production of optical communications terminals for air, space, and mobile applications. Their technology enables ultra-high data rates and secure, long-distance data transmission for wireless terrestrial, mobility, airborne, and space-based applications. Mynaric is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
YTD Price Performance: -12.44%
Average Trading Volume: 160
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.32M
For detailed information about M0YN stock, go to TipRanks’ Stock Analysis page.
